Saic

Analysts believe that with its latest portfolio priced up to Rs 35 lakhs, MG is well-positioned to compete directly with its rivals, as plug-in hybrids are seen as a practical choice due to current limitations in charging infrastructure

SAIC's MG Motor India plans to bring in Indian investors including JSW

As part of the deal, JSW Ventures, a unit of JSW International Tradecorp Pte Ltd，will buy an aggregate 35% stake in MG Motor India for a total of 35.77 billion Indian rupee ($429.4 million).

JSW MG Motor India to invest Rs 5,000 crore, to set up 2nd plant in Gujarat

The newly formed company, a joint venture between China's SAIC and Indian conglomerate JSW Group will also seek to create a "Maruti moment" in the new energy vehicle segment, JSW Group Chairman Sajjan Jindal said, while announcing the finalisation of the partnership.

China’s SAIC is the ultimate winner in MG Motor India deal with JSW Group  

MG Motor’s business has been valued at Rs 8,000 crore and JSW will invest around Rs 2,800 crore for a 35 percent stake in the joint venture, where MG Motor India’s entire operations are expected to be transferred

MG Motor to encompass multiple technologies under 'New Energy Vehicles' to tackle emissions

Even as its focus on EVs and hybrids sharpens, MG Motor will continue to emphasise on the coexistence of ICEs, EVs, and other emergent technologies

Sajjan Jindal, M&M, Hinduja eyeing a slice of MG Motor India?

While the Hinduja group has denied any interest in acquiring a stake in MG, the Jindal group and M&M have refused to comment, keeping speculations alive.

Amid crackdown on Chinese firms, MG Motor India continues to shine

The British brand, owned by Shanghai Automotive Industry Corporation, however faces challenges getting FDI approval for its expansion plans. It may also see other contenders race ahead once the semiconductor shortage eases

India to clear 45 investments from China, likely to include Great Wall, SAIC: Sources

The proposals have been held up since last year after India tightened controls on Chinese investment in the country in retaliation against alleged Chinese troop incursions in the western Himalayan region. China blamed Indian troops for the standoff.

VW, China partners to recall 4.86 mln vehicles over Takata airbags

The recall comes after Chinese watchdogs asked the German automaker as well as General Motors Co and Daimler AG's Mercedes-Benz to recall vehicles with Takata air bags earlier this year.

China's SAIC, Peugeot, global cos line up Rs 10k-cr for India

SAIC Motor, Peugeot, Daihatsu and Kia are some of the global car companies who have cemented their India foray over the next 1-3 years with collective investments of at least Rs 10,000 crore.

GM venture to recall over two million cars in China

The venture between GM and Shanghai-based SAIC will recall 2.16 million Buick and Chevrolet branded vehicles because their engine valves could corrode after extended use, the company said yesterday.

McAfee, SAIC Partner For Security Solutions

To provide a new combination of cyber security solutions to meet the sophisticated threats faced by large, complex enterprises.

Expect integration with SAIC to be consummated in Q1: Wipro

From the top management at Wipro, TK Kurien, CEO, IT Business & Executive Director; Suresh Senapaty, Executive Director & CFO and Pratik Kumar, Corporate, VP-HR, spoke about the company's performance and how they saw the road mapping out going forward.

See equal revenue from Europe, US post SAIC arm buy: Wipro

In an interview with CNBC-TV18, Suresh Senapaty, CFO of Wipro said, "We are very happy with this acquisition because we think it is in line with our strategy of filling in gaps, complementarity or building critical mass in some of these areas that we are focused on."

Wipro acquires SAIC's global O&G IT services business

After almost two years, IT giant Wipro Technologies has finally made an acquisition. It has bought the IT services arm of SAIC (science applications international corporation), reports Kritika Saxena of CNBC-TV18.